ETFs
January 2012
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ETFs Need Their Own Accounting Rules- Part IV- Total Return
posted by in
Mon 16thAll investment companies (“Funds”) registered under The Investment Company Act of 1940 are required to calculate and present a Total Return in their financial statements. Total Return represents the rate that an investor would have earned (or lost) on an investment in the Fund, assuming…
September 2011
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ETFs Need Their Own Accounting Rules- Part III- Emerging Markets ETFs
posted by in
Tue 27thThere are several emerging markets that do not allow for in-kind transfers of securities, for example Brazil and India. Additionally, some countries, such as Brazil, impose a tax on new purchases of their currency. When units are created in ETFs that focus on these emerging…
April 2010
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ETFs Need Their Own Accounting Rules- Part II- The ETF Fair Value Dilemma
posted by in
Fri 16thIt is imperative for open-end investment companies to value their investments at fair value when determining their net asset value (“NAV”). For investment companies that invest a significant portion of their investments in foreign securities, the importance of fair value is magnified. Due to different…
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ETFs Need Their Own Accounting Rules- Part I
posted by in
Thu 15thAs I am starting to work with more and more Exchange Traded Funds (ETFs), it is becoming increasingly apparent that they need their own specific set of accounting and reporting rules. Currently, an ETF falls under the guise of an open-end management investment company registered…
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